Item 1.01Entry into a Material Definitive Agreement.

On October 2, 2020, RCC Real Estate SPE 4, LLC ("SPE 4"), an indirect, wholly owned subsidiary of Exantas Capital Corp. (the "Company") entered into the Second Amendment To Amended And Restated Master Repurchase and Securities Contract (the "WF Amendment") with Wells Fargo Bank, National Association and the Company as guarantor, which made certain amendments and modifications to the Amended and Restated Master Repurchase And Securities Contract, dated July 19, 2018, as amended (the "Repurchase Facility"). Per the Company's request, the WF Amendment, among other things, (i) reduced the maximum amount of the facility from $400,000,000 to $250,000,000; (ii) extended the Funding Expiration Date (as defined in the Repurchase Facility; and (iii) modified the definition of Total Equity (as defined in the Repurchase Facility) to be in line with other market participants, so that credit losses are determined in accordance with a risk rating-based methodology. In connection with the WF Amendment, SPE 4 exercised the first of three options to extend the Repurchase Facility's termination date for a one year period starting October 3, 2020 and ending October 2, 2021.

On October 2, 2020, the Company entered into Amendment No. 2 To Guarantee Agreement (the "JPM Amendment") with JPMorgan Chase Bank, National Association ("JPM") which amended the Guarantee Agreement, dated October 26, 2018 made by the Company in favor of JPM, as amended (the "JPM Guarantee Agreement"). Additionally, on October 2, 2020, the Company entered into the Second Amendment to Guaranty (the "Barclays Amendment") with Barclays Bank, PLC ("Barclays") which amended the Guaranty, dated April 10, 2018 made by the Company in favor of Barclays, as amended (the "Barclays Guaranty"). The JPM Amendment and the Barclays Amendment each modified the definition of Total Equity (as defined in the JPM Guarantee Agreement and Barclays Guaranty), to be in line with other market participants, so that credit losses are determined in accordance with a risk rating-based methodology.

The foregoing description of the WF Amendment, the JPM Amendment and the Barclays Amendment do not purport to be complete and are qualified in their entirety by reference to the full text of the WF Amendment, the JPM Amendment and the Barclays Amendment, which have been filed with this Current Report on Form 8-K as Exhibits 99.1, 99.2 and 99.3, respectively.

Item 9.01Financial Statements and Exhibits.

(d) Exhibits.




Exhibit No.   Description
99.1            Second Amendment To Amended And Restated Master Repurchase and
              Securities Contract by and between RCC Real Estate SPE 4, LLC, as
              Seller and Wells Fargo Bank, National Association, as Buyer, dated
              October 2, 2020.
99.2            Amendment No. 2 To Guarantee Agreement, dated October 2, 2020
              between Exantas Capital Corp. and JPMorgan Chase Bank, National
              Association.
99.3            Second Amendment to Guaranty, dated October 2, 2020, made by
              Exantas Capital Corp. as guarantor in favor of Barclays Bank PLC.
104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document).

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